Added to YB: 2024-10-17
Pitch date: 2024-10-15
VLN.TO [bullish]
Velan Inc.
+58.46%
current return
Author Info
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Company Info
Velan Inc. designs, manufactures, and markets industrial valves worldwide. The company offers quarter-turn valves, such as ball, high performance three-piece ball, general purpose ball, metal-seated ball, triple-offset, high performance cryogenic butterfly, coker ball, and cap-tight batch digester capping valves; and gate, globe, and check valves, including pressure seal, bolted bonnet high pressure, cast steel, cast stainless steel corrosion resistant, small forged, bonnetless, and dual-plate check valves, as well as maintenance valves for nuclear service.
Market Cap
CAD 213.7M
Pitch Price
CAD 10.29
Price Target
51.00 (+213%)
Dividend
0.81%
EV/EBITDA
4.02
P/E
-4.45
EV/Sales
0.53
Sector
Machinery
Category
turnaround
Velan Inc. - $VLN.TO
VLN.TO: Nuclear valve leader, 86% global reactor share. New CEO improving margins (5.5% Q2 EBITDA). Backlog $548M, bookings +63% YoY. Nuclear cycle inflecting, rare pure-play. 3x EBITDA, 10-12% normalized margins. Takeover potential (101 prior bidders). Upside to $51 (425%) at 8x EBITDA. Risks: unions, asbestos, French block.
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